Trusted Third

Party
David Lee Kuo Chuen
Discussions
1. Why is trusted third party (TTP) costly? Can you give an example in
finance in the physical world?

2. Why digital assets should not be relying on TTP? What are Nick Szabo’s
arguments? (why can’t we rely on third party in the virtual world?)

3. What are the TTP Minimizing Protocols and what do they protect?

4. Why TTPs are security holes? Why do we have to spend computing

power to guard against malicious and anonymous elements online?
Discussions
1. Why is trusted third party (TTP) costly? Can you give an example in
finance in the physical world?

2. Why digital assets should not be relying on TTP? What are Nick Szabo’s
arguments? (why can’t we rely on third party in the virtual world?)

3. What are the TTP Minimizing Protocols and what do they protect?

4. Why TTPs are security holes? Why do we have to spend computing

power to guard against malicious and anonymous elements online?
 FTX
• 1. What happened to FTX? What crypto
coins did FTX issue?
• 2. Why do investors leave their coins and
tokens in FTX?
• 3. What are the problems of Trusted Third
Party in crypto?
• 4. What can you conclude from my posting
and the article? What lessons are there to
learn?
• https://www.linkedin.com/posts/david-
lee-kuo-chuen-%E6%9D%8E%E5%9B%BD
%E6%9D%83-07750baa_ftx-showed-the-
problems-of-centralized-finance-activity-
6997203896720916480-vhgm?
utm_source=share&utm_medium=memb
er_desktop
Instructions

• Topic1: Grp 1 to 10
• Topic 2L Grp 11 to 21
• Provide your answers to each with one slide
each.
• Show me what you can do with Generative AI!